Long-Term Care Insurance for Business Owners

Long-term care insurance (LTCI) offers business owners a number of benefits. LTCI can:

• Prevent a devastating impact on your business as a result of a long-term care event.
• Help attract, retain, and reward key employees by protecting their retirement income and assets.
• Play an integral role in a retirement plan.
• Reduce employee stress and absenteeism caused by caregiving responsibilities.

Business owners and self-employed individuals may be able to deduct some or all of their LTCI premiums for themselves, spouses, and employees. And business owners who extend long-term care coverage to a group of employees may be eligible for multilife discounts.